Home prices are rising across the country as Americans rush to purchase houses, driven in part by a newfound ability to work remotely as a result of the COVID-19 pandemic.
The top growing markets, therefore, were the places that are expected to see the greatest home price growth in addition to other attractive amenities. The list includes cities in New Hampshire, Ohio and Montana. Looking to the top 50 cities in the index, fewer than half were located in the Sun Belt. How the Sun Belt came to dominate American real estate The Sun Belt, roughly speaking, incorporates the Southeastern and Southwestern United States. Over the past 50 years, it has experienced significant population growth.
Besides the warm weather, other attributes in these states have made them popular for migrants from other parts of the country. Interest from real-estate investors has followed those migrants. “We’re seeing real estate investors buying on Auction.com gravitate toward these markets, and rural markets in general,” Blomquist said.“ ‘Pre-pandemic the migration was driven by affordable housing, low taxes, and a lifestyle appealing to outdoor enthusiasts, but it was limited to markets with close proximity to plenty of jobs.’ ”
Dallas says this region represents his company’s highest-growth area, though it still isn’t the most dominant by volume. “Your big states are still, Texas, California, New York and Florida,” he said. The Rocky Mountain region holds particular appeal for people leaving the high-cost housing markets along the West Coast. People in places like San Jose and Los Angeles would probably first be inclined to relocate further inland in California, Pinto said.
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